Essentra PLC (CHIX:ESNTl)
£ 1.682 0.03 (1.82%) Market Cap: 484.46 Mil Enterprise Value: 551.16 Mil PE Ratio: 93.44 PB Ratio: 1.77 GF Score: 74/100

Essentra PLC Capital Markets Day Transcript

Nov 15, 2022 / 10:00AM GMT
Release Date Price: £2.35 (-0.21%)
Paul John Lester
Essentra plc - Independent Non-Executive Chairman

Good morning, both for everybody in the room and also people online. I'm just going to do a short introduction, and Scott and the team are going to do all the hard work, which is what Chairman do. They just hand over to the management team.

Just a few words. We decided as a Board, probably 3 and a bit years ago that there was an opportunity to create a new business that would have a similar market cap to the whole group at the time. And hence, we went down this path of selling off packaging and filters. And you'll see in the presentation, there were a few other divestments as well. And I think that's worked pretty well that we have ended up with a business that we can invest in. There was always a fight for funds, particularly between packaging and components, manufacturing, equipment, systems -- enterprise systems, which you'll hear about in Scott's presentation.

So it means we can focus all our financial resource on 1 business. And I think you're referring from the presentation, it's an exciting business with great

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